Seller's Agent in 2024
Eric Chen
CB RICHARD ELLIS
(909) 418-2030
1 in this area
57 Total Sales
2755 E 58th St Huntington Park, CA 90255
Estimated Value: $1,800,000 - $1,810,016
3
Beds
2
Baths
5,864
Sq Ft
$308/Sq Ft
Est. Value
Highlights
- No HOA
- Cooling System Mounted To A Wall/Window
- Wall Furnace
- Linda Esperanza Marquez High School Rated A-
- Laundry Room
About This Home
As of April 2024We are proud to present the opportunity to purchase 2755 E 58th Street, a 9-unit multifamily complex located in Huntington Park, CA. 2755 E 58th Street is in the Southeast region of Los Angeles County, just minutes from major employment hubs like DTLA and City of Commerce. The property is conveniently centered between several major freeways - 10, 60, 710, 5, 105, and 110 - providing direct access to frequently visited areas in the San Fernando Valley, DTLA, Long Beach, and Orange County. Iconic attractions within a 15-mile radius include Hollywood Walk of Fame, Hollywood Bowl, Dodger Stadium, SOFI Stadium, and more. University of Southern California, East LA Community College, and Cal State Los Angeles University are also a short drive from the property. Additionally, the property is located just steps from Pacific Blvd - the heaviest retail corridor in Huntington Park. Some popular local retail amenities that can be found there are Walgreens, Harbor Freight Tools, Ross, Starbucks Coffee, and In-N-Out, to name a few. 2755 E 58th Street is a 2-story multifamily complex that offers approximately 5,864 SF of rentable living space and sits on approximately 7,000 SF of land. The property features 4, one-bedroom/one-bathroom units and 5, two-bedroom/one-bathroom units averaging 560 SF and 725 SF, respectively. There are currently 2, two-car garages and 4, single-car garages that can potentially be converted into additional living space via ADU capabilities (buyer to verify) and an unused laundry facility that can generate future income once put back into service. Current ownership has owned and self-managed 2755 E 58th Street for nearly three decades. Some recent improvements made to the property include a new mainline that was replaced within the last 12 months and newer sub panels that were replaced within the last 10 years.
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $10,483
Year Built
- Built in 1930
Lot Details
- 6,681 Sq Ft Lot
- Two or More Common Walls
- Density is 6-10 Units/Acre
Parking
- 8 Car Garage
Home Design
- Apartment
Interior Spaces
- 5,864 Sq Ft Home
- 2-Story Property
- Laundry Room
Bedrooms and Bathrooms
- 3 Bedrooms
- 2 Bathrooms
Utilities
- Cooling System Mounted To A Wall/Window
- Wall Furnace
Listing and Financial Details
- Tax Lot 89
- Tax Tract Number 6674
- Assessor Parcel Number 6309028011
- $2,808 per year additional tax assessments
Community Details
Overview
- No Home Owners Association
- 2 Buildings
- 9 Units
Amenities
- Laundry Facilities
Building Details
- 9 Leased Units
- Rent Control
- 9 Separate Electric Meters
- 9 Separate Gas Meters
- 1 Separate Water Meter
- Gardener Expense $900
- Insurance Expense $4,500
- Maintenance Expense $5,850
- Other Expense $1,800
- Professional Management Expense $5,869
- Trash Expense $3,150
- Water Sewer Expense $3,150
- New Taxes Expense $28,591
- Operating Expense $53,810
- Gross Income $151,267
- Net Operating Income $92,919
Ownership History
Date
Name
Owned For
Owner Type
Purchase Details
Listed on
Feb 20, 2024
Closed on
Apr 23, 2024
Sold by
Beserra Family Trust and Beserra Salvador Garcia
Bought by
Baks58th Llc
Seller's Agent
Eric Chen
CB RICHARD ELLIS
Buyer's Agent
Eric Chen
CB RICHARD ELLIS
List Price
$1,900,000
Sold Price
$1,765,000
Premium/Discount to List
-$135,000
-7.11%
Total Days on Market
45
Views
37
Current Estimated Value
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Estimated Appreciation
$40,008
Avg. Annual Appreciation
2.10%
Original Mortgage
$1,698,000
Interest Rate
6.74%
Mortgage Type
Construction
Purchase Details
Closed on
Jul 21, 2004
Sold by
Beserra Salvador and Beserra Irene
Bought by
Beserra Salvador Garcia and Beserra Irene Margaret
Purchase Details
Closed on
Jun 5, 2002
Sold by
Figueroa Pablo and Figueroa Luz E
Bought by
The Espinosa Family Trust
Purchase Details
Closed on
Mar 14, 2002
Sold by
Espinosa Albert T and Espinosa Family Trust 1994
Bought by
Beserra Salvador and Beserra Irene
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$205,000
Interest Rate
6.7%
Mortgage Type
Commercial
Purchase Details
Closed on
Jun 13, 1994
Sold by
Espinosa John L and Espinosa Sally L
Bought by
Figueroa Pablo and Figueroa Luz E
Home Financials for this Owner
Home Financials are based on the most recent Mortgage that was taken out on this home.
Original Mortgage
$300,000
Interest Rate
8.6%
Mortgage Type
Seller Take Back
Create a Home Valuation Report for This Property
The Home Valuation Report is an in-depth analysis detailing your home's value as well as a comparison with similar homes in the area
Home Values in the Area
Average Home Value in this Area
Purchase History
| Date | Buyer | Sale Price | Title Company |
|---|---|---|---|
| Baks58th Llc | $1,765,000 | Old Republic Title | |
| Beserra Salvador Garcia | -- | -- | |
| The Espinosa Family Trust | $130,512 | -- | |
| Beserra Salvador | $385,000 | Southland Title | |
| Figueroa Pablo | $450,000 | World Title |
Source: Public Records
Mortgage History
| Date | Status | Borrower | Loan Amount |
|---|---|---|---|
| Open | Baks58th Llc | $2,300,000 | |
| Closed | Baks58th Llc | $1,698,000 | |
| Previous Owner | Beserra Salvador | $25,000 | |
| Previous Owner | Beserra Salvador | $205,000 | |
| Previous Owner | Figueroa Pablo | $300,000 |
Source: Public Records
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/30/2024 04/30/24 | Sold | $1,765,000 | -7.1% | $301 / Sq Ft |
| 04/05/2024 04/05/24 | Pending | -- | -- | -- |
| 02/20/2024 02/20/24 | For Sale | $1,900,000 | -- | $324 / Sq Ft |
Source: California Regional Multiple Listing Service (CRMLS)
Tax History Compared to Growth
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2024 | $10,483 | $546,653 | $156,182 | $390,471 |
| 2023 | $10,305 | $535,935 | $153,120 | $382,815 |
| 2022 | $9,909 | $525,427 | $150,118 | $375,309 |
| 2021 | $9,746 | $515,125 | $147,175 | $367,950 |
| 2019 | $9,445 | $500,188 | $142,810 | $357,378 |
| 2018 | $9,217 | $490,388 | $140,010 | $350,378 |
| 2016 | $8,715 | $471,021 | $134,574 | $336,447 |
| 2015 | $8,569 | $463,947 | $132,553 | $331,394 |
| 2014 | $8,567 | $454,860 | $129,957 | $324,903 |
Source: Public Records
Agents Affiliated with this Home
-
Eric Chen
Map
Source: California Regional Multiple Listing Service (CRMLS)
MLS Number: CV24035408
APN: 6309-028-011
Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.
The multiple listing data appearing on this website, or contained in reports produced therefrom, is owned and copyrighted by California Regional Multiple Listing Service, Inc. ("CRMLS") and is protected by all applicable copyright laws. Information provided is for viewer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties the viewer may be interested in purchasing. All listing data, including but not limited to square footage and lot size is believed to be accurate, but the listing Agent, listing Broker and CRMLS and its affiliates do not warrant or guarantee such accuracy. The viewer should independently verify the listed data prior to making any decisions based on such information by personal inspection and/or contacting a real estate professional.
Based on information from California Regional Multiple Listing Service, Inc. and /or other sources. All data, including all measurements and calculations of area, is obtained from various sources and has not been, and will not be, verified by broker or MLS. All information should be independently reviewed and verified for accuracy. Properties may or may not be listed by the office/agent presenting the information
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